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Advance salary given to employee

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 December 2015 Dear Experts,
Plzz clarify my query, Mr. A basic salary is 20000 PM, 20000*12, 240000/- hence this salary was not taxable however in december 2015 the company has given Rs. 50000 advance salary to Mr. A, and the condition for the same was Rs. 3000 PM will be deduct from his salary... and due to this advance salary this payment in this FY being exceed the exemption limit plzz clarify should i deduct TDS now also confirm can i consider the relief u/s 89 or not..

Regard
Mohit Jain
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
19 December 2015 yes. you can consider the advance salary as income and along with relief u/s.89(1)
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